Highlight any four reasons why international trade is said to be of great importance to a developing country

Importance of international trade

  • Individual are able to get a variety of goods which they do not produce themselves.
  • Encourages specialisation by countries
  • Encourages interdependence hence international peace and understanding
  • Encourages a country to dispose off its surplus produce
  • Earning of foreign exchange
  • The government earns income from tariffs and other duties

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